My husband and I have been trying to clean up our credit the last two years and honestly our credit is worse now than ever.
Our income is my husband's VA disability money. We were told this is non reportable, non taxable income when he was awarded this money. I am paid by the VA to take care of my husband because of his disability. I was told this is reportable but not taxable income. So I am not really sure what all that means.
My husband was going to school (and would like to try and go back if his health permits) and was receive money from the GI Bill. But since he isn't in school now he isn't getting it. He is trying to work towards going back next semester so we would start receiving this money after we filed. I was looking at several means calculators for ch7 bk in Virginia and even with the GI bill we qualify.
As a huge surprise to us (my husband was told he is infertile due to his injuries) I am pregnant and due in early Dec (probably before discharge). Would we file as a family of 4 and than move up to a family of 5 once the baby is born? Or would the baby not even come into play?
Our debt is old debt, about 3 years old. All of our household expenses are being met but that doesn't leave much to pay the old debt. We did buy a brand new car (used Tax return last year as a large down payment) in Jan of 2012 and have been making our payments on time each month. Yes the interest is higher, but we needed a safe car. We actually went in for a used car but they got us financed for a new one. We would like to keep the car amd the loan. Is that possible? I can't look up the cars worth because it is so new but the MSRP was $24k. We owe about $16k left. It does have high miles (approx 22k miles since Jan).
We also did a rent to own type deal for furniture, but it is well below the $5,000 allowed. Do you think this will be a problem?
Back in 2007 I was receiving unemployment and some how after I was off unemployment the state went to court to say I have to pay it all back. I guess because I got a job and stopped filing they didn't have an updated address to request my job logs. I found out 2 years ago when they garnished my bank account. That debt is now at $4k. On my credit report it is reprted as a Tax Lien (this was when we lived in WA state). Can this be taken care of during a bankruptcy?
I have about $17k in student loans. I am sure I will still be responsible for those (all federal), but any chance any of it could be waived? =)
If we file on the 1st of Sept we think (and we could be off) the discharge will happen around Jan. This is around the time we files our taxes and usually earn some sort of refund. Will we still be allowed to receive this refund? What if we wait until the deadline in April to file our taxes?
We want to start saving money and not worry about garnishments or anything like that. I guess a clean slate so to speak. We want to buy a house and just live the normal American Dream (whatever that is now a days).
M
Our income is my husband's VA disability money. We were told this is non reportable, non taxable income when he was awarded this money. I am paid by the VA to take care of my husband because of his disability. I was told this is reportable but not taxable income. So I am not really sure what all that means.
My husband was going to school (and would like to try and go back if his health permits) and was receive money from the GI Bill. But since he isn't in school now he isn't getting it. He is trying to work towards going back next semester so we would start receiving this money after we filed. I was looking at several means calculators for ch7 bk in Virginia and even with the GI bill we qualify.
As a huge surprise to us (my husband was told he is infertile due to his injuries) I am pregnant and due in early Dec (probably before discharge). Would we file as a family of 4 and than move up to a family of 5 once the baby is born? Or would the baby not even come into play?
Our debt is old debt, about 3 years old. All of our household expenses are being met but that doesn't leave much to pay the old debt. We did buy a brand new car (used Tax return last year as a large down payment) in Jan of 2012 and have been making our payments on time each month. Yes the interest is higher, but we needed a safe car. We actually went in for a used car but they got us financed for a new one. We would like to keep the car amd the loan. Is that possible? I can't look up the cars worth because it is so new but the MSRP was $24k. We owe about $16k left. It does have high miles (approx 22k miles since Jan).
We also did a rent to own type deal for furniture, but it is well below the $5,000 allowed. Do you think this will be a problem?
Back in 2007 I was receiving unemployment and some how after I was off unemployment the state went to court to say I have to pay it all back. I guess because I got a job and stopped filing they didn't have an updated address to request my job logs. I found out 2 years ago when they garnished my bank account. That debt is now at $4k. On my credit report it is reprted as a Tax Lien (this was when we lived in WA state). Can this be taken care of during a bankruptcy?
I have about $17k in student loans. I am sure I will still be responsible for those (all federal), but any chance any of it could be waived? =)
If we file on the 1st of Sept we think (and we could be off) the discharge will happen around Jan. This is around the time we files our taxes and usually earn some sort of refund. Will we still be allowed to receive this refund? What if we wait until the deadline in April to file our taxes?
We want to start saving money and not worry about garnishments or anything like that. I guess a clean slate so to speak. We want to buy a house and just live the normal American Dream (whatever that is now a days).
M
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